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HF 750

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
  1.1                          A bill for an act 
  1.2             relating to education finance; authorizing a fund 
  1.3             transfer for independent school district No. 738, 
  1.4             Holdingford.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [FUND TRANSFER; HOLDINGFORD.] 
  1.7      Notwithstanding Minnesota Statutes, sections 123B.79, 
  1.8   123B.80, and 475.61, subdivision 4, on June 30, 2001, 
  1.9   independent school district No. 738, Holdingford, may 
  1.10  permanently transfer up to $200,000 from its debt redemption 
  1.11  fund to its undesignated general fund balance without making a 
  1.12  levy reduction. 
  1.13     [EFFECTIVE DATE.] This section is effective the day 
  1.14  following final enactment.